Supply Chain Management September 24, 2018
Blume Global Introduces New Digital Offerings for the Global Supply Chain Ecosystem
Gartner Supply Chain Executive Conference, London, UK, September 24, 2018 - Blume Global, building on its more than two decades of delivering customer value through its REZ-1 platform, today announced new solutions to power a real-time, collaborative global supply chain ecosystem. With Blume solutions, all participants in the global supply chain ecosystem can leverage advanced technologies including Artificial Intelligence and Machine Learning to drive and accelerate visibility, orchestration, fulfillment and settlement across the supply chain - from retailers and manufacturers, to logistics service providers, to railroads and ocean carriers to motor carriers, to drive innovation and growth, create new value within and across their networks, and improve cost management and efficiencies.
"We are seeing a powerful convergence of trends that are simultaneously creating new opportunities and new challenges for businesses. Technological advances in machine learning, AI, intelligent robotic process automation, blockchain, big data, IoT and more, are enabling us to look at the supply chain and all the assets moving along the supply chain as a collaborative trading network that can be orchestrated and managed, and continuously improved, in real-time. At the same time, the foundational requirements around cost management, operational improvements, profit improvement and risk management remain core to supply chain leaders. Adding to this is the enormous competitive pressure that we are seeing across every industry that is on the one hand improving customer experience, and on the other simultaneously increasing pressure as demand becomes less predictable and transparent. This is driving a need for a more complete, collaborative, technology and data driven approach, from the first mile to the last mile, including the visibility, orchestration, fulfillment and settlement across all participants," said Pervinder Johar, Chief Executive Officer, Blume Global.
The Blume solutions portfolio enables a real-time, digital supply chain ecosystem:
Blume Assets (REZ-1) enables carriers, service providers as well as any enterprise, such as retail customers that own assets, to manage their key assets, including containers, chassis, trailers and more, across the entire lifecycle.
-Accurate and dynamic asset tracking, inventory management and reservations
-Financial management, billing and settlement
-Maintenance and repair, including work order management and fleet management
Blume Logistics enables customers to successfully execute all aspects of logistics across the supply chain, including first- and last-mile visibility and fulfillment.
-Automates and standardizes real-time first- and last-mile updates to increase data visibility
-Connects LSPs to 100% of its global motor carrier network
-Improves visibility and control over transportation spend
-Enhances customer service and vendor relations
Blume Visibility delivers end-to-end visibility across inventory and shipments, including in-motion inventory.
-End-to-end shipment visibility at SKU level for buyers and shippers
-End-to-end visibility of inventory, including inventory in motion for accelerated decision making
-Multi-mode transport visibility: road, ocean, rail, air, barge
-Multi-mode connectivity for real time tracking: API, EDI, IoT, data streaming
-Dashboard and visualizations for arrival monitoring and exception alerting
Blume Optimization enables routing and asset utilization, reduces costs and enables agility in capacity planning.
-Machine learning-driven demand/supply matching for assets, transportation legs and truck power
-Street turn execution at a granular level
-In-transit inventory visualization
-Flowstack approach to container throughput for faster moves through terminals
Blume Finance enables transparency and visibility for freight audit and pay, automating transactions, verification and settlement.
-Smart contract repository
-Rating management and validation
-Machine learning-driven invoice and cost accrual auditing
-Blockchain-enabled payment and settlement
Blume Digital Platform is a modern, data-driven platform that connects trading partners in a neutral, collaborative supply chain ecosystem to drive value and growth. Beyond bringing efficiencies and automating repetitive tasks, Blume Digital Platform brings data from multiple sources to drive predictive capabilities in demand, real-time visibility into inventory, collaboration or co-innovation across trading partners, precision around availability or real-time status of orders, smart contracts, managing by exception—executed and enabled through our solutions to drive growth and value for customers.
The Blume Digital Platform leverages the latest advances in Artificial Intelligence (AI), Machine learning (ML), Natural Language Processing (NLP), blockchain, big data, intelligent robotic process automation and IoT to help customers digitize their supply chains and drive continuous innovation.
Blume Universe is an AI-powered, next-generation command center for real-time insights, automated exception management and predictive analytics to drive efficiencies through automation and deliver business value through predictive capabilities.
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Gartner Supply Chain Executive Conference 2018 is designed to help supply chain leaders on this critical journey. https://www.gartner.com/en/conferences/emea/supply-chain-uk
Learn more at blumeglobal.com.